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India bonds face twin drag from rising oil, US yields

MUMBAI: Indian government bonds weakened for a second straight day on Thursday, pressured by rising US Treasury yields and crude prices holding above $100/barrel, raising inflation concerns. Brent crude marched higher overnight after US and Iran struck tankers near the Strait of Hormuz, deepening supply worries.

Jewellery shops shut down as Chinese consumers switch focus to gold bars and coins

Most of the gold jewellery shops that once lined the main commercial street in Biyang, Henan province, have closed as gold prices hover at high but volatile levels and a decline in marriages dents demand. “Gold jewellery used to be very popular in our small county,” said 25-year-old kindergarten teacher Yu Qian, who described herself as a…

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